VeChain (VET) - Powering Real-World Blockchain Applications

VeChain (VET) is a cryptocurrency that was launched in 2015 as a private consortium network. However, it has since evolved into the VeChainThor public blockchain, a fully programmable smart contract platform that is compatible with the Ethereum Virtual Machine (EVM). With its ability to adapt to a wide range of real-world needs, VeChainThor is suitable for applications such as supply chain management, sustainability, carbon emissions, SDGs, De-Fi, and NFTs.

One of the key features of VeChain is its unique two-token model. This model ensures low and stable transaction costs, making it more efficient for users. Additionally, VeChainThor utilizes an advanced Proof-of-Authority (PoA) consensus mechanism, which offers high throughput, scalability, and security while consuming minimal energy. As a result, the network has achieved zero downtime for over three years of continuous operation.

VeChain Technology has a strong global presence, with offices in China, Singapore, Luxembourg, Japan, France, San Marino, and the United States. Through strategic partnerships with professional compliance guidance from PwC and DNV GL, VeChain has successfully collaborated with major enterprises including Walmart China, Bayer China, BMW Group, BYD Auto, PICC, H&M Group, Shanghai Gas, LVMH, D.I.G, ASI Group, and many more.

Key Features of VeChain (VET)

• Programmable smart contract platform compatible with the Ethereum Virtual Machine (EVM)
• Two-token model ensuring low and stable transaction costs
• Advanced Proof-of-Authority (PoA) consensus mechanism for high throughput, scalability, and security
• Minimal energy consumption, contributing to sustainability
• Zero downtime for over three years of continuous operation
• Strong global presence with offices in multiple countries
• Partnerships with leading enterprises in various industries

VeChain (VET) Market Performance

VeChain (VET) currently ranks 40th in terms of market capitalization. Over the past 30 days, it has seen a price change of approximately 40%. Please note that cryptocurrency market prices are highly volatile and subject to fluctuations.

VeChain (VET) Listed Exchanges

VeChain (VET) is listed on various exchanges, including:

• MEXC
• CoinW
• LBank
• Binance
• BingX
• DigiFinex
• WhiteBIT
• Crypto.com Exchange
• BitMart
• Bitrue
• Bitvavo
• Bitazza
• XT.COM
• KuCoin
• AscendEX (BitMax)
• Gate.io
• Bitfinex
• LATOKEN
• LocalTrade
• FameEX
• Binance US
• Huobi
• BigONE
• CoinEx
• FMFW.io
• Changelly PRO
• HitBTC
• TokoCrypto
• Bitunix
• Nominex
• Pionex
• WOO X
• Tokenize
• BiONE
• BYDFi
• Oceanex
• Coinzix
• Upbit
• Bibox
• Nami.Exchange
• Upbit Indonesia
• Paribu
• Bithumb
• Bitlo
• WazirX

Frequently Asked Questions (FAQ)

What is VeChain (VET)?

VeChain (VET) is a cryptocurrency that powers the VeChainThor public blockchain. It is a fully programmable smart contract platform that is adaptable to various real-world needs, such as supply chain management, sustainability, and De-Fi.

How does VeChain ensure low transaction costs?

VeChain implements a unique two-token model that ensures low and stable transaction costs. This model helps to make transactions more efficient for users.

What consensus mechanism does VeChain use?

VeChain uses a Proof-of-Authority (PoA) consensus mechanism, which offers high throughput, scalability, and security with minimal energy consumption.

Who are some of VeChain's strategic partners?

VeChain has established partnerships with leading enterprises such as Walmart China, Bayer China, BMW Group, BYD Auto, PICC, H&M Group, and more. These partnerships provide professional compliance guidance and contribute to the development of real-world blockchain applications.

Where can I buy VeChain (VET) cryptocurrency?

You can buy VeChain (VET) from various cryptocurrency exchanges, including Binance, Bitfinex, KuCoin, and many others listed above.